Sharewealth Securities Review, Brokerage Charges, Demat Account & more
Last Updated Date: Dec 01, 2022Sharewealth Securities is a re-known stock broker based out of Kerela.
In this article, we will be talking about Sharewealth Securities reviews, the procedure of opening a Demat account with the brokerage house. Brokerage charges and other charges involved.
We will also be talking about the different platform provided by the company for carrying out a trade. You will get to know about all the products and services offered by the company to the clients.
Sharewealth Securities Ratings & Review by Top10StockBroker
Experience | 2.9/5 |
Products & Services | 3.4/5 |
Brokerage Charges & Fees | 3.1/5 |
Stock Research & Advisory | 3.3/5 |
Trading Platforms | 2.9/5 |
Overall Ratings | 3.2/5 |
Star Ratings | ★★★☆☆ |
About Sharewealth Securities
Company Type | Public |
Broker Type | Full Service Broker |
Headquarters | Thrissur, Kerala |
Founder | T B Ramakrishnan |
Established Year | 2005 |
Sharewealth securities were established in 2005. With headquarters situated in Thrissur, Kerela, this company has 283 different branches.
This brokerage house is promoted by a group of professionals of the financial market having more than 28 years of experience.
Sharewealth believes in providing end-to-end services of savings and investment solutions to its clients.
Share wealth securities are the first corporate member of NSE and BSE. The company aims at making investment easy for its clients and also safeguarding their hard-earned money.
Open Demat Account with Sharewealth Securities
Sharewealth Securities Brokerage Charges
Equity Delivery Trading | 0.35% |
Equity Intraday Trading | 0.04% |
Commodity Options Trading | NA |
Equity Futures Trading | 0.04% |
Equity Options Trading | Rs.35 per Lot |
Currency Futures Trading | 0.04% |
Currency Options Trading | Rs.20 per Lot |
Minimum Brokerage | Percentage of Transaction |
Demat AMC Charges | Free |
Trading AMC Charges | Rs.250 per Annum |
Margin Money | Minimum Rs.3,000 |
Brokerage Calculator | Sharewealth Securities Brokerage Calculator |
The table above tells you everything about the Sharewealth Securities brokerage charges.
You will be paying 0.35% for Equity Delivery Trading, 0.04% for Equity Intraday Trading, 0.04% for Equity Futures Trading, Rs.35 per Lot for Equity Options Trading, 0.04% for Currency Futures Trading, Rs.20 per Lot for Currency Options Trading, Rs.250 per Annum as Annual maintenance of the trading account.
The Sharewealth Securities charges Rs.3000 as margin money. You will not be charged anything for annual maintenance of Demat Account. It is advisable that you start by depositing a good sum of money.
This will help you with the benefits of falling in a reduced slab of brokerage.
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Sharewealth Securities Other Charges
Transaction Charges | 0.00325% |
STT | 0.0126% of Total Turnover |
SEBI Turnover Charges | 0.0002% of Total Turnover |
Stamp Duty | Depends on State (very minimal) |
GST | 18% of (Brokerage + Transaction Charges) |
You will be paying some extra money and the thing is you cannot skip these costs. These are taxes which is mandatory for everybody to pay.
You need to pay 0.00325% as Transaction Charges, 0.0126% of Total Turnover as STT, and 0.0002% of Total Turnover as SEBI Turnover Charges.
You will be paying 18% of (Brokerage + Transaction Charges) as GST. Stamp duty is state dependent and generally, it is very minimal.
Sharewealth Securities Demat Account Opening Fees
Depository Source | CDSL & NSDL |
Account Opening Charges | Rs.300 |
Demat AMC Charges | Free |
Trading AMC Charges | Rs.250 per Annum |
Margin Money | Minimum Rs.3,000 |
Offline to Online | Yes |
Annual maintenance of Sharewealth Securities Demat Account is free of cost but you will be paying Rs.300 for opening the account.
There is minimum margin money of Rs.3000 involved which you need to pay. Rs.250 as annual maintenance of the trading account. You are allowed to operate your account both online and offline.
Sharewealth Securities Offers
Free Demat Account | Yes |
Free Trading Account | No |
Discount on Brokerage | No |
Trading Happy Hours | No |
Flexible Brokerage Plans | Yes |
1 Month Brokerage Free | No |
Holiday Offers | Yes |
Referral Offers | No |
Zero Brokerage for Loss Making Trades | No |
You are liable to offers such as Free Demat Account, Flexible Brokerage Plans and holidays offer. You don’t get Free Trading Account, Trading Happy Hours, and Zero Brokerage for Loss Making Trades.
To know about offers of other stock brokers check below
How to Open a Demat Account with Sharewealth Securities?
Opening a Sharewealth Securities is very easy. You will be asked to provide certain KYC documents and after verification, you get to access your account.
First, you need to fill a form provided below. Then, you will be asked to upload KYC documents like Aadhar card, PAN card, Address proof, Identity Proof, Age proof, and photograph.
Once you have uploaded the document, you will receive a call from the company for further verification. After all the processes are done and identity verified, you will get access to your account within a few hours.
Why Open Sharewealth Securities Trading Account?
Having a Sharewealth Securities Trading Account ensures many benefits. Besides, it is necessary to have a trading account in order to carry out the trade. A Demat account is only for safeguarding your shares.
The company is involved in a lot of research work. If you have a trading account with the company you get regular updates and recent results of the research works which helps a lot with investment.
Get a Call back from Sharewealth Securities
Sharewealth Securities Products & Services
Here are the list of Products & Service provided by Sharewealth Securities –
Products Offered by Sharewealth Securities:
Equity Trading | Yes |
Commodity Trading | No |
Currency Trading | Yes |
Options | Yes |
Futures | Yes |
Mutual Funds | No |
Forex | No |
Banking | No |
SIP | No |
Insurance | No |
Products by Sharewealth Securities include Equity Trading, Currency Trading, Options, and futures. These products help in investment and trading.
Sharewealth Securities Service Offerings:
Demat Services | Yes |
Trading Services | Yes |
3 in 1 Acount | No |
Intraday Services | Yes |
IPO Services | Yes |
Stock Recommendations | Yes |
Robo Advisory | No |
PMS | No |
Trading Institution | No |
Trading Exposure | Upto 6X |
Sharewealth Securities Services include Demat Services, Trading Services, Intraday Services, IPO, Stock Recommendations Services and a trading exposure of up to 6X.
Sharewealth Securities Research, Advisory and Stock Tips
Fundamental Reports | No |
Research Reports | Yes |
Company Reports | No |
Annual Reports | No |
Company Stock Review | No |
Free Stock Tips | Yes |
IPO Reports | No |
Top Picks | Yes |
Daily Market Review | Yes |
Monthly Reports | Yes |
Weekly Reports | Yes |
Offline Advisory | Yes |
Relationship Manager | Yes |
Sharewealth Securities is involved in a lot of research work. So you will be getting reports like Research Reports, Free Stock Tips, Top Picks, Daily Market Review, Monthly Reports, Weekly Reports, and Offline Advisory.
In case of any problem or doubt, you are free to call your relationship manager.
Sharewealth Securities Exposure or Leverage
Equity Delivery | Upto 2X |
Equity Intraday | Upto 6X |
Equity Futures | Upto 4X |
Equity Options | Upto 4X |
Currency Futures | Upto 3X |
Currency Options | Upto 2X |
Commodities | Upto 3X |
Margin Calculator | Sharewealth Securities Margin Calculator |
You will be getting a maximum exposure of up to 6X in equity intraday.
Other than this the brokerage house provides exposure of up to 2X in equity delivery, up to 4X in equity futures, 4X in equity options, 3X in currency futures, 2X in currency options and up to up to 3X in commodities.
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Sharewealth Securities Trading Platforms
Here are the thorough details on various trading platforms offered by Sharewealth Securities to its consumers. All the platforms have been established in-house and always get progressed on an unremitting basis.
Desktop Platform – Windows | Yes |
Desktop Platform – Mac | Yes |
Desktop Browser Platform | Yes |
Mobile Site Platform | No |
Android App Platform | Yes |
iOS App Platform | Yes |
Windows App Platform | No |
Other Mobile OS Platform | No |
Real time Updates | Yes |
Portfolio Details | Yes |
Online MF Buy | No |
News Flash | Yes |
Research Reports | No |
Easy Installation | Yes |
Global Indices | Yes |
Stock Tips | Yes |
Personalized Advisory | No |
Interactive Charts | Yes |
Live Markets | Yes |
SMS Alerts | Yes |
Email Alerts | Yes |
Multi Account Management | No |
Sharewealth Securities Web Trading platform
Sharewealth Securities web-platform is independent of the browser you use. So it’s totally up to you which browser you like. Be it Google Chrome or Mozilla Firefox or Opera or even Internet Explorer.
This platform needs good internet connectivity and does not involve downloading any plugins. It is supplied with recent research results and recommendations by the company. It also provides live market streaming.
Sharewealth Securities Mobile Trading App
Sharewealth Securities mobile-based platform is available for both Android users as well as iOS users. There are some really good features in the app.
You can track all your investments made and trade. It provides you with the details of the stock market and in case you have any problem you get to contact your relationship manager directly.
Sharewealth Securities Trading-terminal
Sharewealth Securities trading-terminal can be download and installed on window or MAC based desktops. This platform provides high performance and good speed.
It also allows you to transfer money from different banks. This platform comes with the feature of multi-view.
Sharewealth Securities Customer Care
Dedicated Dealer | Yes |
Offline Trading | Yes |
Online Trading | Yes |
24*7 Support | No |
Email Support | Yes |
Chat Support | No |
Toll Free Number | No |
Branches | 283 |
Sharewealth Securities Customer care service is really very good.
They provide you with customer care support in matters related to Dedicated Dealer, Offline Trading, and Online Trading. Along with this, you can e-mail your query and the company will reply to you as quickly as possible.
It does not provide you 24*7 services.
Sharewealth Securities Complaints and Feedback
Find the list of complaint against Sharewealth Securities –
Lodged in BSE | 1 |
Resolved in BSE | 1 |
Lodged in NSE | 2 |
Resolved in NSE | 2 |
Percentage of No. of Complaints Received Against Number of Active Clients | 0.17 |
You can see from the table above that there were only a few complaints filed. This is only 0.17% of the total clients the company has.
Sharewealth Securities Advantages and Disadvantages:
Perfection is a myth. You just cannot expect any of the brokerage company to be without any flaws.
There are certain fields which need more attention from the company and the company is already working on it. This is the reason the overall rating of the company is good when compared with others.
The mobile platform made available by the company needs more attention by the developers and you need to beware of the hidden charges involved.
Sharewealth Securities Conclusion
Sharewealth Securities is a new company but has gained the trust of its clients. It is all because of the services and commitment of the company.
The company provides a lot of research work result in helping clients with better investment. The Overhead charges are nominal and annual maintenance of Demat account is totally free of cost.
The company provides you with a maximum exposure of up to 6X and the trading platforms are user-friendly.
Open Demat Account with Sharewealth Securities
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